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Rupee hits 11-month high of 58.47 against dollar

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Extending its rising streak for the fourth straight session, the rupee on Monday jumped by another 32 paise to trade at a fresh 11-month high of 58.47 against the US dollar in early trade on sustained foreign capital inflows after the BJP-led NDA swept the Lok Sabha elections.

Extending its rising streak for the fourth straight session, the rupee on Monday jumped by another 32 paise to trade at a fresh 11-month high of 58.47 against the US dollar in early trade on sustained foreign capital inflows after the BJP-led NDA swept the Lok Sabha elections. (AP/Rajanish Kakade)